“Samsung and HTC stock have both taken a hit thanks to separate actions instigated by Apple,” Electronista reports. “Samsung’s stock saw $10 billion wiped off its value following a report by DigiTimes indicating that Apple had placed a large order for DRAM from its struggling Japanese competitor Elpida. Separately, HTC’s shares also slumped by over 6 percent following an Apple initiated ITC injunction being enforced by US Customs, stopping the importation of its hotly anticipated One X and EVO 4G LTE handsets.”
“Apple’s new order with Elpida for DRAM is said to have accounted for as much as 50 percent of its production capacity, so large is the size of the deal reportedly struck,” Electronista reports.
“Micron Technology is also said to be in talks to acquire or partner with Elpida, which could pose a serious competitive threat to Samsung’s market leadership,” Electronista reports. “Analysts talking to Reuters suggest that Apple has likely made move as part of a strategic initiative that would improve its bargaining power by helping to keep Elpida alive. Apple’s move has also seen market value wiped from mobile memory maker Hynix as well.”
Read more in the full article here.
“Samsung’s stock saw $10 billion wiped off its value following a report by DigiTimes indicating that Apple had placed a large order for DRAM from its struggling Japanese competitor Elpida.”
Revenge is a dish best served cold…
Yeah but this is Digitimes which is less accurate and reliable than the onion. Except no one is aware that Digitimes is a parody of real news.
boo-hoo. Reap what you have sown. The best part? This is only the beginning. Thermo-nuclear!
Basing investing decisions upon DigiTimes is foolish.
Some very stupid investors to believe DigiTimes. However, you can always hope they actually wrote the truth once.
Especially because Apple was placing “gigantic” orders for Elipda’s DRAM for years already. Nothing to do with orders for Samsung’s DRAM, which were always supplementing.
“Apple is the largest customer for Samsung’s component divisions”
Larger than Samsung itself? And Samsung supposedly ships 1/3 more phones? Who does the math over there? Plus, with the Dramm memory post earlier, the death knell approaches ever faster…
Considering that the most Samsung’s phones are much cheaper than Apple’s, and this includes dramatically cheaper SoCs and screens, Apple’s might very well compete with Samsung’s own orders. Though I suppose that those people meant “customer” as an outsider purchaser, rather than internal one.
It makes sense as Apple includes more memory per phone than any android assembler. Most of them cheap out and out a useless SD card slot. The supposed feature is the customer can dictate their own memory requirements. I don’t know of one competing phone that comes with 64g potential like the iPhone 4s. So, half the units sold with twice the memory equates to more memory purchased from their components division.
Samsung is a bunch of hot air.
They are liars, cheats, and they will one day vanish.
I would never buy another samsuck product, not since
my crappy galaxy zipped out last year and they REFUSED to
fix it. Samsuck is sinking!!!!
The tech version of Revenge
DARN Samsung! Darn darn DARN! You are soooo screwed!